As I am writing this, Donald Trump logs 264 electoral college votes — 6 votes and a heart beat away from becoming US President. Unbelievable! I know… there is no business like showbusiness. He just dominated the news cycle and sending out his message, (whether people like it or not). Anyway, I was of the opinion that ground game is needed to win an election, but I guess social media just made the election more democratic. Especially at the start, nobody thinks he could win this, but he trumped them all. Congratulations, may you serve the laws and the people faithfully and God bless America!
Anyway, all the uncertainty that Trump brings is causing the market to fall. However, “The world doesn’t end. Assuming capitalism survives, you manage through the volatility and then find the opportunity.” The markets have just made winners out of safe havens (that I’ve mentioned before — certainly already being recommended by major news) :
Gold, Yen, Euro and Swiss Francs
So people could either get in on these currencies, ETFs or stocks (for the gold commodity) or ride the trend with bearish positions on the index, and particularly the already challenged sectors that Trump promises to change :
— healthcare (repeal of Obamacare -to what?),
— oil (Iran policy),
— banks (regulatory changes)
— Mexico ETC, currency – already fallen, could still fall some more
— China – expect some falls here too but not as much as Mexico
And of course, there is the matter of the tax code. Alright
I myself am excited for the buying opportunity that these presents. Why? Because eventually the market will settle in, the BREXIT shock vote took about 3-5 days to stabilize and then the China market slide early in the year took a few weeks (mid-Feb). Plus the tantalizingly low interest rates will probably be locked in there for a while, so yes, the USD might also be volatile especially against emerging markets, but that “aftershock” will likely settle. Where? The market has indicators which I talk about in my workshops.
Next is on November 26 in Ortigas area so email me your interest at email@example.com